Ten HFT Debates to Follow on Twitter

The moment Flash Boys hit the shelves Twitter became a battleground for the HFT debate. #Flashboys #HFT

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Better Markets, a nonpartisan organization that promotes the public interest in financial reform, has entered the conversation in full swing against HFT. President and CEO Dennis Kelleher has long pushed for regulations and policy to curtail predatory HFT activity. On several occasions Better Markets testified before the Senate and to that effect.

Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

Banning priority feeds would be a bold step. This is going to come up as the various regulatory investigations examine "fairness" and as they redefine the term "insider trading." In terms of penalizing those that abuse, the SEC needs the tools to identify abuse and to monitor the activity. That is the purpose of the SEC's MIDAS -Market Information Data Analytics System. It processes and collects quotes and orders on national exchanges, modifications and cancellations, and it processes quotes from each exchange's proprietary feeds. The SEC has published some very in-depth analysis of the exchange order books and reporting methods. I'm not sure what this all means. http://www.sec.gov/marketstruc...